Series 79: National Securities Markets Improvement Act (NSMIA) Of 1996

Taken from our FINRA Investment Banking Exam

Definition of the term National Securities Markets Improvement Act (NSMIA) Of 1996...

legislation passed by Congress that created the class of “federal covered securities” exempt from state registration. The act also prohibited states from enacting licensing qualifications for securities professionals that exceed federal requirements related to net capital, bonding, and recordkeeping.

Since you're reading about Series 79: National Securities Markets Improvement Act (NSMIA) Of 1996, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 79
Please Enable Javascript
to view this content!